Investor Class Action Over Delayed Twitter Shareholding Disclosure
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Twitter · Twitter shares and securities disclosures · Ongoing Litigation
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About this case
Investors have brought an active class-action lawsuit alleging that Elon Musk's delayed disclosure of his acquisition of more than 5% of Twitter's shares allowed him to purchase shares at an allegedly unfair discount and harmed investors who sold during the disclosure delay. The matter is ongoing, and its current procedural stage is not otherwise specified.
Case overview
- Defendant company
- Product or service
- Twitter shares and securities disclosures
- Court case number
- 1:22-cv-03026
- Case status
- Ongoing Litigation
- Lawsuit type
- Securities
- Reported harm
- Misrepresentation
Participation information
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No active participation options are currently listed.
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Sources
Public reporting associated with this case.